Corporate Presentation 2Q 2014 PT Intiland Development · PDF filePT Intiland Development Tbk is one of the leading property companies in Indonesia with a primary focus on developing

Corporate PresentationDecember 2015

PT Intiland Development Tbk

Intiland. Developing Your World.

South Quarter, South Jakarta

2

Disclaimer

We caution readers that all statements other than statements of historical fact included in this document, including withoutlimitation, those regarding our financial position, business strategy, plans and objectives of management for futureoperations (including development plans and objectives relating to our existing and future products), are forward-lookingstatements.

Such forward-looking statements involve known and unknown risks, uncertainties and other facts, which may cause ouractual results, performance or achievements or industry results, to be materially different from any future results,performance or achievements expressed or implied by such forward-looking statements.

Such forward-looking statements are based on numerous assumptions regarding our present and future business strategiesand the environment in which we expect to operate in the future.

We expressly disclaim any obligation or undertaking to release any update of or revision to any forward-looking statementscontained herein to reflect any change in our expectations with regards hereto or any change in events, conditions orcircumstances on which any such statements is based.

This document is the property of PT Intiland Development Tbk. It is for intended recipients only and for intended use only.This document only serves as a reference and it does not constitute an offer solicitation or invitation to subscribe for and/orpurchase any shares in any proposed venture.

3

Contents

Corporate Overview 4

Corporate Structure 5

Management Team 6

Core Portfolio 7

Projects Location 8 - 10

Landbank 11

Growth Strategy 12

Why Intiland 13

Marketing Sales 14 - 16

Key Projects 17 - 23

Pipeline Projects 24 - 28

Other Projects 29 - 36

Recurring Income Projects 37 - 44

Financial Highlights 45 - 48

Appendix 49 - 50Regatta, North Jakarta

4

Corporate Overview

• Established in 1983 and listed on IDX in 1991 (DILD:IJ)

• More than 40 years experience in developing over 40 projects in Jakarta and Surabaya

• The main products are superblock, high-rise and low rise residential, industrial estate and investment properties

• A pioneer and trend setter in developing successful premium projects

PT Intiland Development Tbk is one of the leading property companies in Indonesia with a primary focuson developing superblock and high rise residential premium projects located in Jakarta and Surabaya tocater the middle to middle up segments.

A brief about the company

First reclaimed housing development in South East Asia

First green building in Indonesia designed by Paul Rudolph

First golf-themed luxurious residential development in Surabaya

First luxury sea-front condominium in Jakarta

Pantai MutiaraIntiland Tower

JakartaRegattaGraha FamiliSouth Quarter

Integrated mixed-use development in South Jakarta CBD

5

Corporate Structure

Truss Investment Partners22.24%

Strands Investments Ltd

19.89%

Public <5%57.87%3)

PT Taman Harapan Indah

100%

PT Intiland Grande100%

PT Intiland Esperto100%

PT Intiland Infinita30%

Others

Developing over 40 existing and future projects covering superblock, high-rise and low-rise residential, industrial estate and investment properties

Total Issued Shares : 10,365,854,185 sharesMarket Capitalization as of 31 Dec 20151) : Rp 5.1 tn (~USD 367 mn) @Rp 489Book Value as of 31 Dec 20151) : Rp 4.8 tn (~USD 346 mn) @Rp 460RNAV as of 31 Dec 20151)2) : Rp 16.8 tn (~USD 1,219 mn) @Rp 1,622

1) The company uses an IDR/USD conversion rate of 13,795 which was the Jakarta Interbank Spot Dollar Rate (JISDOR) benchmark on 31 December 20152) The company appraised its major assets on 30 Sep 2014. The appraisal was done by KJPP Hendra Gunawan & Rekan (in association with Colliers International) 3) The percentage includes treasury stocks totaling 98,755,000 shares representing 0.95% of total issued shares

6

Management Team

Cosmas BatubaraPresident Commissioner

Lennard Ho Kian GuanVP Commissioner

Thio Gwan Po MickyIndependent Commissioner

Walman SiahaanCommissioner

Jahja AsikinCommissioner

Ping HandayaniCommissioner

Hendro S. GondokusumoPresident Director & CEO

Suhendro PrabowoVP Director & COO Jakarta 1

Sinarto DharmawanVP Director & COO Surabaya

Irene P. RahardjoIndependent Director

Ricky HolilExecutive Director & CFO

Archied Noto PradonoExecutive Director

Utama GondokusumoExecutive Director &

COO Jakarta 2

B O A R D O F C O M M I S S I O N E R S

B O A R D O F D I R E C T O R S

The Board of Commissioners and the Board of Directors have been with the company for more than 25 years in average andhave extensive market-oriented knowledge and experience in the Indonesian property industry.

7

Core Portfolio

Mixed-Use &High Rise

• Ngoro Industrial Park

• Intiland Tower Jakarta

• South Quarter

• Kebon Melati ●

• Others

• 1 Park Avenue ●

• Regatta Phase 2 ●

• South Quarter

• Aeropolis ●

• Kebon Melati ●

• H-Island ●

• West One City ●

InvestmentProperties

• Serenia Hills

• Talaga Bestari

• Magnolia Residence

Houses &Land

The Company develops various products classified into superblock, high-rise and low rise residential, industrial estate andinvestment properties. Some of the existing and future projects are as follows:

● Pipeline projects ● Under construction

Industrial Estates

Development Income Recurring Income

JAK

AR

TA

&

GR

EA

TE

R A

RE

AS

UR

AB

AY

A &

G

RE

AT

ER

AR

EA • Spazio Tower ●

• Praxis ●

• Darmo Harapan Phase

1 ●

• Sumatra 36

• Graha Golf Phase 1

• The Rosebay ●

• Graha Famili

• Graha Natura

• Intiland Tower Surabaya

• Ngoro Industrial Park

• Praxis ●

• Spazio Tower ●

• Others

8

Projects Location

Diversified projects located in strategic location focusing on developing superblock and residential in Jakarta and Surabaya.

●●●Tangerang:

Talaga BestariMagnolia Residence

● Ngoro Industrial Park,Mojokerto

Mixed-use & high rise●●● Industrial estates

Surabaya:Graha FamiliGraha Natura

Jakarta:South Quarter

Intiland Tower Jakarta1 Park Avenue

Regatta Phase 2Kebon Melati*

H-Island*West One City*

Surabaya:Spazio TowerPraxisSpazioIntiland Tower SurabayaNational HospitalSumatra 36Graha GolfThe Rosebay*Darmo Harapan*

Jakarta:Serenia Hills

* Pipeline projects

PAPUA

SULAWESI

KALIMANTAN

SUMATRA

●

●●

●

●

●

Houses & land

JAVA●●

Tangerang:Aeropolis

●

9

Projects Location in Jakarta

Legend

Existing Toll Road

Planned Toll Road

Planned MRT

Existing Railway

Intiland ProjectsSource : Google maps, Central Statistics Bureau, Wonderful Indonesia website, company dataLocation and scale drawing above are best estimates

10km radius from SemanggiInterchange, CBD

5km radius from SemanggiInterchange, CBD• Kebon Melati• Intiland Tower (Inv. Property)• 1 Park Avenue

• South Quarter• Serenia Hills• West One City

Other projects within Jakarta and its Greater Area

• Regatta Phase 2• Aeropolis• Talaga Bestari• Magnolia Residence• Maja

H-Island

Regatta Phase 2

Aeropolis

5 km

West One City

Serpong

To Talaga Bestari ( )To Magnolia Residence ( )

To Cikarang

Semanggi

TB Simatupang

To Bogor

Tanjung PriokPortInternational

Airport

Intiland’s projects in Jakarta are well located within the developed areas of the city and are positioned to benefit from infrastructure developments within the city. Recent infrastructure developments benefiting some of Intiland’s key projects in Jakarta are the completion of JORR 1 toll road in 2014 and the ongoing construction progress of the Jakarta MRT

Kebon Melati

Intiland Tower Jakarta

South Quarter

Serenia Hills

1 Park Avenue

JORR 1 Toll Road

JORR 2 Toll Road

10

Projects Location in Surabaya

8km radius from Jl. PanglimaSudirman, CBD Surabaya

4km radius from Jl. PanglimaSudirman, CBD Surabaya

• Intiland Tower (Inv. Property)• Praxis• Sumatra 36

• Spazio Tower• Graha Famili• Graha Golf• The Rosebay• Graha Natura• Darmo Harapan• Spazio (Inv. Property)• National Hospital (Inv. Property)

Other projects within Surabaya and its Greater Area• Ngoro Industrial Park

2 km

Intiland has a strong footing in Surabaya mainly from the development of its Graha Famili project, now regarded as a high-end residential complex in Surabaya. Intiland’s footprint extends into various project developments in Surabaya today, which are located strategically in Central Surabaya and West Surabaya.

Source : Google maps, Central Statistics Bureau, Wonderful Indonesia website, company dataLocation and scale drawing above are best estimates

PraxisGraha NaturaSpazio

Intiland Tower Surabaya Sumatra 36

Spazio Tower

Graha FamiliNational Hospital

To Ngoro ( )International Airport

To Gresik,Lamongan

To Madura

Lingkar TimurToll Road

Aloha-PerakToll Road

Legend

Existing Toll Road

Planned Toll Road

Existing Railway

Intiland Projects

Graha Golf

DarmoHarapan

The Rosebay

11

Landbank

Total company landbank as of 31 December 2015 is more than 2,000 ha. The vast landbank owned translates to more than20 years of future project developments, enough to sustain Intiland’s going concern as a property developer.

Undeveloped LandbankLand area

(ha)

Jakarta 1,648.8

Maja, Banten 1,083.1

Tangerang, Banten 395.4

Others - Jakarta area 94.4

Talaga Bestari, Cikupa 64.8

Serenia Hills 4.5

Gandaria, Jakarta 4.0

Pondok Pinang 2.6

Surabaya 378.2

Others - Surabaya area 148.2

Pantai Timur, Surabaya 90.1

Lontar 58.1

Bukit Pencu, Surabaya 33.0

Bukit Sampe, Trawas 31.8

Graha Famili, Surabaya 10.3

Jajar Tunggal 5.8

Wiyung 1.0

Total Undeveloped Landbank 2,027.0

81%

19%

% of Total ha

Jakarta area Surabaya area

12

Growth Strategy

Organic Growth

Acquisition Growth

Strategic Partnership

Capital & Investment Management

• Focus on developing existing projects mainly in Jakarta and Surabaya

• Maximize the value of existing asset portfolio e.g. superblock & high-rise

• Continue the acquisition of land surrounding existing projects

• Strategic acquisition to support Intiland’s vision and mission

• Focus on Intiland’s core business e.g. South Quarter

• Increase the long term stakeholders’ value through prudent acquisition

• Strengthen Intiland’s position through strategic partnership

• Successful track record in developing joint projects with many partners

• Support a strong balance sheet for project execution

• Manage cash flow to sustain the growth and profitability

• Prudent financing to manage the risks

• Expand global network to support financing strategy

MISSIONTo be reputed as a transparent, trustworthy and trendsetting property developer committed to highly sustainable and long-term growth and profitability that deals fairly with all stakeholders

VISIONTo make possible the experience of not only living, but living well throughout Indonesia

13

Why Intiland?

Diversified projects

Big landbank

Proven experience

& track record

Growth of recurring income

Strong balance

sheet

Net Asset Value

More than 2,000 ha of landbank to ensure the

sustainable growth of the company

Experienced management in executing successful

pioneer projects

Increasing recurring income to strengthen cash flow

High upside potential on investment return with RNAV per share of Rp1,622*

Strategic location supported by good concept,

facilities & infrastructure

* Latest RNAV based on 31 December 2015. Assets were valued by KJPP Hendra Gunawan & Rekan (in association with Colliers International) on 30 September 2014

Manageable net gearing supported by strategic equity partners in some of our projects

Marketing Sales

15

Marketing Sales – FY15 Achievement

121 135 166 178 254 300

1,050

1,515

2,370 2,360

1,619

2,2591,171

1,650

2,536 2,538

1,873

2,559

2011 2012 2013 2014 2015 2016 Target

Marketing Salesin billion Rupiah

Recurring Development

ProjectTargetFY15

(IDR bn(

AchievementFY15

(IDR bn)

Mixed use and high rise 2,004 897

Graha Golf 600 603

1 Park Avenue 380 151

Darmo Harapan 350 0

Aeropolis 238 60

Kebon Melati 171 0

South Quarter 146 23

Spazio Tower 59 16

Praxis 20 8

Regatta (50%) 20 37

Sumatra 36 20 0

The Rosebay 0 0

Houses and land 664 530

Serenia Hills 230 202

Graha Natura 151 94

Graha Famili 114 99

Talaga Bestari 113 68

Taman Semanan Indah 35 9

Magnolia Residence 21 36

1 Park Homes 0 22

Industrial Estates 187 192

Ngoro Industrial Park 187 192

Investment Properties 163 254

Recurring Income 163 254

Marketing Sales Target 3,018 1,874

Development Income 2,855 1,619


Marketing Sales by Location

Jakarta 1,354 608

Surabaya 1,501 1,011


16

Marketing Sales – FY16 Target – Rp 2.56tn

Marketing salesProjectlocation

TargetFY16

(IDR bn)

Mixed use and high rise 1,544

Kebon Melati Jakarta 310

The Rosebay Surabaya 263

Darmo Harapan Surabaya 227

1 Park Avenue Jakarta 213

Aeropolis Jakarta 160

South Quarter Jakarta 97

Praxis Surabaya 86

Regatta (50%) Jakarta 74

Spazio Tower Surabaya 63

Graha Golf Surabaya 52

Houses and land 515

Serenia Hills Jakarta 200

Graha Natura Surabaya 100

1 Park Homes Jakarta 100

Talaga Bestari Jakarta 75

Magnolia Residence Jakarta 40

Graha Famili Surabaya 0

Taman Semanan Indah Jakarta 0

Industrial Estates 200

Ngoro Industrial Park Surabaya 200

Investment Properties 300

Recurring Income 300

Marketing Sales Target 2,559

Development Income 2,259


Location 2,559

Jakarta 1,269

Surabaya 990


60%20%

8%12%

FY16 Targetby segment

Mixed use & high rise Houses and land

Industrial estates Investment properties

49%

39%

12%

FY16 Targetby location

Jakarta Surabaya Recurring Income

Key Projects

18

Type : Superblock

Ownership : 100%

Total area : 7.2 ha (Phase 1 - 4.4 ha, Phase 2 - 2.7 ha)

Location : TB Simatupang, South Jakarta

Infrastructure : Toll road, future MRT, shuttle bus

Design : WS Atkins

No. of floor : 20 floors, 4 basements

Phase 1 Information

Launched : 4Q 2012

Construction : 2Q 2012

Project completion : 99%

Completed : 2015

Phase 1 Tower A Tower B Tower C Retail

Total Area 40,291 sqm 40,581 sqm 40,188 sqm 9,355 sqm

Market For Sale Tower A Tower B Tower C Retail

Available 39,580 sqm - 6,172 sqm -

Sold 35,220 sqm - 6,172 sqm -

% Sold 89% - 100% -

2015 ASP/sqm Rp32mn - Rp33mn -

Market For Lease Tower A Tower B Tower C Retail

Available 711 sqm 40,581 sqm 34,016 sqm 9,355 sqm

Leased 0 30,977 sqm 765 sqm 5,706 sqm

% Leased 0% 76% 2% 61%

ARR/sqm/mo 0 Rp 220,000 Rp 220,000 Rp 222,000

(2015)

South Quarter is a 7.2 ha mixed-use and high-rise development which Phase 1 (4.4 ha) comprises three office towers andsupporting retail facilities. South Quarter is accessible via TB Simatupang toll road and Lebak Bulus Street.

South Quarter Phase 1 - Superblock

Office Tower A (Strata)

Office Tower B (Lease)

Office Tower C (Lease)

Phase 2 – 2.7 ha(Future development)

Phase 1 - 4.4 ha

Retail

Phase 1

19

Type : High-rise residential and townhouse

Ownership : 100%

Total area : 2.8 ha

Location : Gandaria, Kebayoran Baru, South Jakarta

Infrastructure : Main road

Design : CSYA, Singapore

No. of floor : 29 floors

Phase 1 Information – High Rise Residential



Expected completion : 3Q 2016

Condominium Tower 1, 2, 3

Salable area : 52,136 sqm

Sold : 45,491 sqm (87%)

2015 ASP : Rp 41.0 mn/sqm

Launched : 3Q 2012

Condominium The Hamilton (Tower 4)

Salable area : 18,116 sqm

Sold : 2,295 sqm (13%)


Launched : 2Q 2015

Phase 2 Information – 1 Park Homes

Net land area : 0.7 ha

Salable unit : 31 units

Sold unit : 1 unit (Land 281 sqm, Building 335 sqm)

Launched : 4Q 2015

1Park Avenue is a high-rise residential project, an extension of the 1Park Residences apartment, located in Gandaria, SouthJakarta, which is close to shopping destinations, hospitals, international schools and entertainment centers.

1Park Avenue - Residential

Phase 1 - 4.4 ha

Retail

Phase 1

Condominium

Retail

Phase 1Construction Progress

20

Type : High-rise residential and townhouse

Ownership : 100%

Total area : 2.4 ha

Location : Graha Famili, West Surabaya



Phase 1 Information – 2 condominium towers

Total area : 7,200 m2

Expected construction : 2Q 2016


Condominium Tower 1

Market : Strata title

Semi gross area : 11,800 sqm

Sold : 11,800 sqm (100%)

ASP : Rp 29.3 mn/sqm

Launched : July 2015

Condominium Tower 2



Sold : 8,157 sqm (69%)


Launched : September 2015

Note: Phase 2 TBD – 3 condominium towers & townhouse

Designed by CSYA, a Singapore-based architect with international caliber, Graha Golf stands in a green area surrounded by agolf course, located within the Graha Famili residential complex in Surabaya.

Graha Golf - Residential

Tower 1

Tower 2

Tower 3 Tower

4

Tower 5

Clubhouse

Townhouse

21

Type : High-rise residential

Ownership : 50% (50% PT Global Ekabuana)

Total area : 11 ha (Phase 1 - 2.5 ha, Phase 2 - 1.7 ha)

Location : Pantai Mutiara, North Jakarta


Design : Tom Wright (WS Atkins, UK)


Project Information

Condominium Phase 1 (4 towers) Phase 2 (3 towers)

Tower Name : Dubai, Miami, Monte London, New York,

Carlo, Rio Shanghai

Launched : 2Q 2006 London & NY : 2Q 2014

Project completion : 100% Foundation works

Expected completion : 4Q 2009 & 2012 2017

Semi gross area : 390 units London & NY : 51,660 sqm

Market : Strata title Strata title

Sold : 380 units (97%) 25,214 m2 (49%)

2015 ASP : Rp 24.9 mn/sqm Rp 28.0 mn/sqm

Others

• Phase 2: London tower was launched in June 2014, while New York tower was pre-launched in June 2014.

• FIABCI Prix d’Excellence, Bali Congress Award 2010.

Regatta is an iconic apartment project at Pantai Mutiara, North Jakarta, consists of ten apartment towers, a five-star hotel,and a serviced apartment.

Regatta - Residential

Phase 1 - 4.4 ha

Retail

Phase 1

Condominium

Retail

Master plan

Phase 2Construction Progress

22

Aeropolis is an integrated mixed use development consisting of residential, office, hotel, commercial and retail developmentin an area of 105-hectars. This project sits on a strategic location, only 500 meters from the international airport.

Aeropolis - Superblock

Phase 1

Projects LaunchedYear

LaunchedYear

CompletedTotal(Unit)

Total(Sqm)

Sold(Sqm)

ASP2015

(Rp mn/m2)

Construction(%)

Aeropolis Residence 1 & Commercial Park 2011 2014 1,299 25,126 22,155 8.8 100%

Aeropolis Residence 2 (Tower A, B) 2012 2016 1,048 20,248 16,476 9.7 93%

Aeropolis Residence 3 (Tower A, C, D) 2014 2016 1,446 24,107 19,854 11.7Tower A: 92%Tower C: 79%Tower D: 62%

Aeropolis Crystal Residence (Tower 1, 2, 3) 2013 E 2016 646 21,151 12,818 16.5Tower 1: 83%Tower 3: 24%

Aeropolis Boutique Hotel (A1, A2) 2014 E 2017 108 3,044 3,044 18.1 -

Aeropolis Techno Park Phase 1 2014 E 2016 39 Land: 15,120 Land: 4,716Land: 8.8

Building: 4.0-

Aeropolis Techno Park Phase 2 2015 E 2017 33Land: 3,780

Building: 3,600Land: 1,344

Building: 1,008Land: 9.4

Building: 4.0-

Aeropolis Onyx Residence (Amethyst, Beryl) 2015 E 2018 592 12,904 1,615 12.3 -

Total 5,211 125,480 82,022

23

Ngoro Industrial Park - Industrial Estate

Ngoro Industrial Park is a modern industrial estates complete with infrastructure and facilities for industrial factories.

Type : Industrial Estate

Total development plan : 500 ha

Location : Ngoro, Mojokerto, East Java

Infrastructure : Natural gas, power substation, waste water treatment, telecommunication

Access : Toll road, main road, 45 km from Surabaya,

50 km from Tanjung Perak Seaport, 50 km from Juanda International Airport

Project Information

Launched : 1991 (1st phase) & 2010 (2nd phase)

Industrial Estate

Sold : 265 ha (net)

Remaining inventory : approx. 40 ha (net)


Tenancy

Unicharm, Mitsui, Hitachi, HB Fuller, Yakult, Roman Ceramic, Mulia Ceramic, Woodworth Wooden, Cort Indonesia, etc.

Facility & Services

Export Processing Zone, Standard Factory Building, Warehouse, Commercial Area, Clinic, Bank & ATM, Office Space, Guest House, Outdoor Sport, Police Station, Internal Security, Fire Brigade.

Pipeline Projects

25

Kebon Melati is a 3.2 ha mixed-use and high-rise development located in the Jakarta CBD area comprising of a moderncommercial sector along with outdoor elements such as pedestrian walkways and retail outlets.

Kebon Melati - Superblock

Phase 1 - 4.4 ha

Water Reservoir

Type : Superblock

Ownership : 55%

Total area : 3.2 ha (Phase 1 - 1.3 ha, Phase 2 - 1.9 ha)

Location : Kebon Melati, CBD Jakarta

Infrastructure : Future MRT, busway

Design : Broadway Malyan, UK

Building plot ratio : 5

Phase 1 Information – Condominium and retail

Expected Launch Date : 2H 2016

Condominium (2 towers)

Semi gross area : 50,184 sqm (475 units)


Average selling price : E Rp 40-45 mn/sqm

Retail


Market : Lease

Average rental rate : E Rp 462,000/sqm/month

Phase 2 Information – Office, serviced apartments, and retail

Office tower : SGA 34,491 sqm

Boutique office : SGA 14,018 sqm

Serviced Apartment : SGA 9,726 sqm

Retail : NLA 11,141 sqm

Retail

Office Tower

Boutique Office

Serviced Apartment

Phase 2

Phase 1

Condominium

Retail

Future Project

Project Location

Grand Indonesia

Thamrin City

26

Type : Superblock

Ownership : 100%

Total area : 6.3 ha

Location : Plaza Segi Delapan, West Surabaya


Phase 1 Information – 2 condominium towers

Total land area : 10,760 sqm

Expected construction : 3Q 2016


Condominium Tower 1


Estimated semi gross area : 24,650 sqm

Estimated launch date : 1H 2016

Condominium Tower 2



Estimated launch date : 1H 2016

Podium / SOHO and Commercial Area

Market : Strata / Lease


Darmo Harapan is located in the Plaza Segi Delapan area in West Surabaya, with a total of 6.3 ha of landbank to bedeveloped into a superblock mixed-use development project targeting the middle segment.

Darmo Harapan - Superblock

Graha Natura

Spazio

Spazio Tower

Graha Famili

Graha Golf

DarmoHarapan

Site Location

West Surabaya Map

27

A 21 ha future superblock project located in West Jakarta comprised of residential, retail and commercial properties withfacilities such as educational institutions, sports clubs and parking spaces.

West One City - Superblock

Phase 1

Type : Superblock

Ownership : 40%

Total area : 21 ha

Location : Daan Mogot, West Jakarta

Infrastructure : Train, busway, JORR toll road

Building plot ratio : 4 - 5

Project Information

High-rise residential

Strata title office

Market : Middle class

Others

• Completed the construction of front entrance, roads, infrastructure andmarketing office.

Phase 2

Pulau H

Marketing Office

Future Project

28

A 63 ha future reclamation project located in Pulau H, close to Pantai Mutiara, North Jakarta. It is part of the 17 islandsreclamation projects initiated by the Jakarta local government.

H-Island Reclamation Project - Superblock

Phase 1 - 4.4 ha

Type : Superblock

Total area : 63 ha

Location : Pulau H, Pantai Mutiara, North Jakarta

Infrastructure : Future bridge

Masterplan : Woods Bagot

Engineering consultant : Witteveen+Bos

Project Information

Mixed-use

High-rise and low rise residential

Commercial

Others

• Obtained Izin Pelaksanaan Reklamasi (reclamation license) in 4Q 2015

Retail

Phase 1

Condominium

Retail

Regatta Pulau H

Future Project

Future Bridge

NCICD Masterplan

A

B

CD E F G H

IJ

K

L

M NOPQ

Other Projects

30

Serenia Hills is a premium estate that stretches over 24 hectares in Lebak Bulus, South Jakarta. In 2013, Serenia Hills receivedan award at Housing Estate Green Property Award as Favorite Residential 2013.

Titan

Ultimate

VentureBarat

Cluster C(Future Dev.)

Masterplan Phase 2Total area 14 ha

Serenia Hills - Residential

Phase 1 Phase 2

Type Residential Residential

Land Area 10 ha 14 ha

Development Plan Regent 173 unitsSignature 51 units

Total 224 units

Titan 59 unitsUltimate 38 unitsVenture Barat 81 unitsVenture Timur 63 unitsTotal 241 units

Launched 2011 & 2012 2013 & 2014

Sold Regent 172 units (99%)Signature 39 units (76%)

Total 211 units (94%)

Titan 58 units (98%)Ultimate 38 units (100%)Venture Barat 61 units (75%)Venture Timur 28 units (44%)Total 185 units (77%)

2015 Land ASP Rp 17.0 mn/sqm Rp 13.6 mn/sqm

2015 Building ASP Rp 8.5 mn/sqm Rp 7.0 mn/sqm

Phase 1

Future Low Rise1 ha, 102 units. 6 Fl

SGA 13,679 sqm

VentureTimur

31

Type : Superblock

Ownership : 100%

Total area : 1.1 ha

Location : CBD Surabaya


GFA : 102,498 sqm

No. of Floors : Office 5 floors, Apartment 28 floors, Hotel 18 floors,

F&B 1 floor, 3 basement floors

Phase 1 Information

Launched : 2Q 2013



Expected completion : 2017

Condominium Office

Semi gross area : 19,634 sqm (289 units) 21,568 sqm (185 units)

Market : Strata title Strata title 17,428 sqm

Lease 4,140 sqm

Sold : 11,223 sqm (57%) 3,939 sqm (23%)

2015 ASP : Rp 26.4 mn/sqm Rp 35.1 mn/sqm

Hotel Retail

Semi gross area : 14,326 sqm 8,609 sqm

Unit : 266 rooms

Praxis is part of the development of Intiland Tower Surabaya. Located in the Surabaya CBD, the project occupies 1.1 hectaresof land comprising such facilities as office, apartment, retail, hotel and cinema.

Praxis - Superblock

HotelCondominium

Office & Retail

Construction Progress

32

Spazio Tower is a multi-function office tower located in Graha Festival, West Surabaya which development consists of office,hotel and retail. This project is the extension of Spazio, which has the same concept.

Spazio Tower - Superblock

Retail

Office

HotelType : Superblock

Ownership : 100%

Total area : 0.5 ha

Location : Graha Festival, West Surabaya


No. of floors : 11 floors office, 7 floors hotel+ function, 2 floors retail, 5 floors basement

Project Information

Launched : 1Q 2014


Project completion : Piling works


Office

Semi gross area : 24,111 sqm (232 units)


Sold : 75 units (32%)


Retail Hotel + Function

Semi gross area : 5,032 sqm 10,281 sqm (102 rooms)

Market : Lease Lease

MultifunctionHotel Facility

33

Graha Natura is residential project in Lontar, West Surabaya, sprawling over 86-hectare land. Graha Natura is a uniquehousing estate with a focus on healthy lifestyle, nature and eco-friendly technology.

Graha Natura - Residential

Project Facts

Cluster A Cluster B Cluster C Cluster D Garden Ville Soho Garden Ville 2

Land Area 5.9 ha 5.4 ha 5.5 ha 8.4 ha 0.6 ha 0.4 ha 0.5 ha

Launched 2010 2010 2010 2010 2014 2014 2015

Development 96 units 85 units 96 units 93 units 31 units 24 units 24 units

Sold 90% 99% 90% 90% 100% 90% 17%

2015 ASP(Rp/sqm)

Land: 12.5Building: 7.0

34

Magnolia Residence is a 14.7 ha development of a new housing estate in Jatake, Tangerang. Intiland commenced thedevelopment of infrastructure, marketing office, and show units in 2014.

Magnolia Residence - Residential

Project Information

Market : Middle

Sold units : 47 units

2015 avg. land price : Rp 4.1 mn/sqm

2015 avg. building price : Rp 4.5 mn/sqm

Launched : 2Q 2015

Type : Low-rise residential

Ownership : 52.5%

Total area : 14.7 ha

Location : Jatake, Tangerang

Infrastructure : Main road, toll road

Masterplan of Magnolia Residence

35

Talaga Bestari - Residential

Talaga Bestari is a residential project occupying 308 hectare land space in Cikupa, Tangerang, Banten. Designed as “TheFamily Learning City”.

Project Facts Harmony The Hills Floura The Forest Phase 1 Taman Palem Jungle Walk Plaza D’Captiva

Development

Harmony - 214 houses

Harmony 2 -111 houses

207 houses 212 houses 173 houses

424 houses(Palem Hijau, Palem Kuning, Palem Merah)

136 shophouses320 kiosks

117 shophouses

Sold 96% 100% 79% 37% 11% 20% 93%

2015 Land ASP Rp 4.1 mn/sqm

Remarks Key catalyst – Lion City, a 30 ha of land purchased by Lion Air for training center, warehouses, dormitories

Jungle Walk The Hills

36

Sumatra 36 - Residential

Type : Residential

Total area : 0.2 ha




No. of Floors : 12 floors

Phase 1 Information

Launched : 4Q 2012

Construction : 2013


Completed : 2015

Apartment



Sold : 3,660 sqm (41%)


Sumatra 36 is a luxury downtown apartment on Sumatra Street, one of the prime addresses in Surabaya. It occupies a 2,359-square-meter land and consists of 12 floors, encompassing 63 exclusive units.

Master plan

Recurring Income Projects

38

Type : Superblock

Ownership : 100%

Total area : 4.4 ha

Location : TB Simatupang, South Jakarta

Infrastructure : Toll road, future MRT, shuttle bus

Design : WS Atkins


Phase 1 Information



Completion : 2015

Office Towers (Tower B and C)

Leasable Area : 75,308 sqm

Leased : 42%

Avg Rental Rate : Rp 220,000/sqm/month

Retail

Leasable Area : 9,355 sqm

Leased : 61%

Avg Rental Rate : Rp 222,000/sqm/month

South Quarter is a 7.2 ha mixed-use and high-rise development which Phase 1 (4.4 ha) comprises three office towers andsupporting retail facilities. South Quarter is accessible via TB Simatupang toll road and Lebak Bulus Street.

South Quarter Phase 1 - Investment Property

Office Tower A (Strata)

Office Tower B (Lease)

Office Tower C (Lease)

Phase 2 – 2.7 ha(Future development)

Phase 1 - 4.4 ha

Retail

Phase 1

39

Intiland Tower Jakarta is the company’s flagship office building located in the Jakarta CBD area. It was designed by PaulRudolph, renowned American architect who developed the “green” concept, which reflects the tropical-themed Indonesianarchitecture. The building model was exhibited at the Museum of Modern Arts in New York.

Intiland Tower Jakarta - Investment Property

Type : Investment Property

Ownership : 100%

Total area : 0.8 ha

Location : CBD Jakarta


Design : Paul Rudolph

Floor : 24 floors, 1 basement

Project Information

Construction : 1984


Completion : 1986

Office Tower

Net Leaseable Area : 30,785 sqm

Leased : 98%

2015 avg. gross rent : Rp 183,000/sqm/month

Intiland Tower Jakarta

40

Intiland Tower Surabaya - Investment Property


Ownership : 100%

Total area : 0.5 ha



Design : Paul Rudolph


Project Information

Construction : 1995


Completion : 1997

Office Tower

Net Leaseable area : 16,850 sqm

Leased : 85%

2015 avg. gross rent : Rp 158,000/sqm/month

Intiland Tower Surabaya, another masterpiece by Paul Rudolph, is an office tower located in the heart of CBD Surabaya thatbecomes the leading IT building in the city. Its unique design of fronting terraces on every level allows natural free flow of airand lighting.

Intiland Tower Surabaya

41

Spazio is an office space in Graha Festival, West Surabaya consisting of strata title office units, with the first and second floorfunctioning as the food & beverage and lifestyle commercial spaces. Designed as a business community center, Spaziosuccessfully introduces the concept of 24 hour open office in Surabaya.

Spazio - Investment Property


Ownership : 75%

Total area : 0.8 ha

Location : Graha Festival, West Surabaya


Project Information

Launched : 4Q 2010

Construction : 2011


Completion : 2012

Retail

Leaseable area : 4,375 sqm

Leased : 52%

2015 gross rental rate : Rp 178,000/sqm/mo

Development Income

Office Tower

Total area (SGA) : 15,220 sqm


Sold : 15,151 sqm (99%)

Spazio

42

National Hospital Surabaya is located within Graha Famili, West Surabaya. It is the first hospital in Indonesia equipped withadvanced technology of MRI 3 Tesla Wide Bore, CT Scan 128 slices. Developed by PT Surabaya Jasa Medika, a joint venturebetween PT Grande Family View (subsidiary) and a strategic partner.

National Hospital - Investment Property


Ownership : 37.5%

Total area : 0.85 ha

Location : Graha Famili, West Surabaya

Building area : 32,000 sqm


No. of floor : 10 floors (including 2 basements)

5 floors Annex building

Project Information

Construction : 1 October 2010


Grand opening : 12 December 2012

Development

Bed capacity : 205 beds and 123 wards

GP and Specialists : 98 person

Nurses : 151 person

Center of Excellence : Neurosurgeon

On April 11, 2015, Indonesian Museum of Records (MURI) awarded National Hospital as the first hospital in Indonesia to perform Parkinson surgery, tremor procedure, and Deep Brain Stimulation installation.

On the same day, MURI also awarded Dr. Achmad Fahmi, a neurosurgeon specialist at National Hospital, as a pioneer in Deep Brain Stimulation application and in the development of stereotactic brain lesion for Parkinson and movement

disorder in Indonesia.

43

The Company, through its subsidiary PT Intiwhiz International, has embarked on hospitality business by opening medium-class hotels suited to value-conscious, frequent travelers. Under the brand Whiz (two star-plus), Whiz Prime Hotel (three-star) and Grand Whiz (four-star) Hotels, the hotel chain now spreads in several big cities such as Jakarta, Semarang, Bali andYogyakarta.

Intiwhiz Hotel Chain - Investment Property (30%)

Whiz Hotel Yogyakarta

Whiz Hotel Semarang

Grand Whiz Nusa Dua, Bali

Grand Whiz Kelapa Gading

Whiz Hotel Cikini

Whiz Prime Kelapa Gading

Whiz Prime Cifest Cikarang

Hotels

Whiz Hotel

Yogyakarta

Central Java

Whiz Hotel

SemarangCentral

Java

Grand Whiz

Nusa Dua Bali

Grand Whiz

KelapaGading Jakarta

Whiz HotelCikini

Jakarta

Grand Trawas Hotel

East Java

Whiz Prime Cifest

Cikarang West Java

Whiz Prime Kelapa Gading Jakarta

Swift InnAeropolis

Whiz Prime

Balikpapan

WhizPrime Bogor

Whiz PrimeDarmo

Harapan

Whiz Prime

Manado

Type Own Own Operator Operator Own Own Operator Operator Own Own Own Operator Own

Opening Date

10 Oct 2010

11 Nov 2011

29 Jul 2013

12 Dec 2012

28 Jan 2014

Jan 2014 Jul 2014 Jul 20145 Feb 2015

12 Feb 2015

1 Nov 2015

9 Nov 2015

11 Nov 2015

No. ofRooms

100 148 130 322 133 68 122 180 141 166 149 90 152

Pipeline Project 2016

Whiz Prime Lampung, Whiz Prime Hasanudin Makasar, Whiz Prime

Kusumanegara Yogyakarta, Whiz Cilacap, Whiz Tugu Malioboro, Grand

Whiz Poin Square, Whiz Prime Pekanbaru

2015 Performance Operated Hotels Own Hotels Combined

Room night sold 143,792 148,588 292,380

ARR (IDR) 448,132 303,852 374,309

44

Projects Leaseable Area

Kebon Melati I (55% owned) Retail (NLA 8,938 sqm)

Spazio Tower Hotel 102 rooms + function (SGA 10,281 sqm)Retail (SGA 5,032 sqm)

Praxis Office (SGA 4,140 sqm)Hotel 266 rooms (SGA 14,326 sqm)Retail (NLA 8,609 sqm)

Kebon Melati II (55% owned) Office (SGA 48,509 sqm)Retail (NLA 11,141 sqm)Serviced apartment (SGA 9,726 sqm)

Future Additional Recurring Income Stream (2017 and beyond)

2011 2012 2013 2014 2015

129 180 176 211 227

811 1,082

1,334 1,617

1,974

939

1,262 1,510

1,828

2,201

Revenue BreakdownIn billion Rupiah

Recurring Income Development Income Total Revenue

Financial Highlights

46

Financial Performance

2010 2011 2012 2013 2014 2015

355

140181

324

431401

Net Incomein billion Rupiah

2010 2011 2012 2013 2014 2015

843939

1,262

1,510

1,828

2,201

Revenuein billion Rupiah

2010 2011 2012 2013 2014 2015

211

271

372

516

665639

EBITDAin billion Rupiah

2010 2011 2012 2013 2014 2015

1,109 1,172

1,650

2,535 2,538

1,874

Marketing Salesin billion Rupiah

47

Segments Contribution

Gross Profit Margin% of Revenue

Revenuein IDR bn

2015 2014

1,081

701

192 227

2,201

932

317 368

211

1,828

Mixed use& high rise

Houses andland

IndustrialEstate


TOTAL

36%

55%

81%

49% 47%49%52%

79%

40%

54%

Mixed use& high rise

Houses andland

IndustrialEstate


Overall

48

Financial Highlights

in Rp billion2015

Audited2014-RAudited

YoY Growth in Rp billion2015


2013Audited

2012Audited

Revenue 2,201 1,828 20% Revenue 2,201 1,828 1,510 1,262

Gross Profit 1,043 993 5% Gross Profit 1,043 993 706 496

EBITDA 639 665 -4% EBITDA 639 665 516 372

Net Income 401 431 -7% Net Income 401 431 324 181

EPS 39 42 -7% EPS 39 42 31 17

in Rp billion2015


Growth in Rp billion2015


2013Audited

2012Audited

Total Assets 10,289 9,008 14% Total Assets 10,289 9,008 7,526 6,092

Total Liabilities 5,518 4,539 22% Total Liabilities 5,518 4,539 3,430 2,141

Total Equity 4,771 4,469 7% Total Equity 4,771 4,469 4,096 3,951

Sales Advance 1,343 1,760 -24% Sales Advance 1,343 1,760 1,295 458

Cash & Cash Equivalents 405 552 -27% Cash & Cash Equivalents 405 552 526 222

Total Debt 3,200 2,127 50% Total Debt 3,200 2,127 1,507 1,014

Net Debt/Equity 59% 35% Net Debt/Equity 59% 35% 24% 20%

Gross Profit Margin 47% 54% Gross Profit Margin 47% 54% 47% 39%

EBITDA Margin 29% 36% EBITDA Margin 29% 36% 34% 29%

Net Income Margin 18% 24% Net Income Margin 18% 24% 21% 14%

ROA 5% 6% ROA 4% 5% 4% 3%

ROE 11% 13% ROE 8% 10% 8% 5%

Dividend TBC 103 82 52

Dividend per Share TBC 10 8 5

Dividend Payout Ratio TBC 24% 26% 29%

-R : Restated due to changes in accounting standards effective starting 2015

Appendix

50

Awards & Achievements

2014

AeropolisThe Best Mixed-use Development

ProjectProperty & Bank Awards 2014

IntilandTop 10 Developers 2014BCI ASIA Awards 2014

IntilandSilver Champion – Property

DeveloperIndonesia WOW Brand Awards

2014

2013

Best Design for Apartment-Apartment Regatta

Indonesia Design Best Design Awards 2013

Highly Commended - Best Condo Development (Indonesia)

Apartment Regatta – JakartaSouth East Asia Property Award 2013

Highly Commended - Best Developer (Indonesia)

PT Intiland Development TbkSouth East Asia Property Award 2013

Graha Natura – Surabaya Housing Estate Green Property Awards 2013

Favourite Residential 2013Serenia Hills- Jakarta Housing Estate

Green Property Awards 2013

Top 10 Developers (Indonesia)BCI Asia Top 10 Awards 2013

IntilandPerusahaan Baik

Indonesia Social Responsibility Awards 2014

Intiland Tower SurabayaGreen Building Awareness Awards

2014Surabaya City Government

IntilandTop 50 Best Performing Indonesia Companies

The 4th Forbes Indonesia Best of the Best Awards

Graha NaturaBest Project Development in East

JavaIndocement Awards 2014

SpazioThe Preferred Office Building

Properti Indonesia Awards 2014

IntilandHighly Commended – Best

Developer (Indonesia)South East Asia Property Awards

2014

AeropolisFavorite Low Rise Residential

Housing Estate Favorite KPR & Residential Awards 2014Intiland

Top 10 Developers 2015BCI ASIA Awards 2015

2015

Pantai MutiaraThe First and The Best

Residential Reclamation Project in Indonesia

Property and Bank Awards 2015

IntilandThe developer building

apartments within the biggest development complex in

TangerangBTN Property Awards 2015

IntilandTop 100 Best Public Companies

in IndonesiaSWA 100 Wealth Added Creator

Index

National HospitalThe First Hospital in Indonesia

performing Parkinson’s surgery, tremor and installation of Deep Brain Stimulation (DBS)

Museum Rekor Indonesia (MURI)

Contact Us

Nathan Tanugraha : [email protected] Indrawan : [email protected]

Investor RelationsPT Intiland Development TbkIntiland Tower, PenthouseJl. Jend. Sudirman 32Jakarta 10220 Indonesia

Tel : +62 21 5701912Fax: +62 21 5700015www.intiland.com

mailto:[email protected]

mailto:[email protected]

Documents

Corporate Presentation 2Q 2014 PT Intiland Development · PDF filePT Intiland Development Tbk is one of the leading property companies in Indonesia with a primary focus on developing